Energean has signed two new gas sales and purchase agreements (GSPAs) for the sale of gas from its Karish project located offshore Israel, which is expected to come online in the second half of 2021.
The rising number of purpose-built offshore wind vessels has a direct impact on the costs of offshore wind projects, as the sector is getting more room to use its own fleet instead of deploying vessels from the oil & gas industry, which can be costly if high oil price is driving increased oil & gas
Offshore drilling contractor Noble Corp. has won more work for some of its drilling rigs but has also seen its day rates slashed.
Following its third price collapse in 12 years, the oil and gas industry may be facing a period of transformation. The industry managed to recover from the previous two downturns and continue with business as usual, but this time it seems the recovery might look a bit different from the ones before.
The worldwide offshore rig count in August 2020 dropped by 74 rigs year-over-year but is up 3 rigs sequentially, according to a report by Baker Hughes.
ARO Drilling, a Saudi-focused offshore drilling joint venture between oil and gas giant Saudi Aramco and Valaris, has named a new chief executive officer (CEO) of the company.
The festivities scheduled for OPEC’s 60th Anniversary, originally scheduled for later this month in Baghdad where the organization was founded, have been postponed.
Qatari North Oil Company (NOC) has extended drilling contracts for a Japanese jack-up rig duo at the giant Al Shaheen offshore oil field in Qatar.
A Rystad Energy analysis of the top 50 OFS firms shows that staffing is set to reach its lowest level in more than 10 years.
Chief executive officer (CEO) of Saudi Arabian oil and gas giant Saudi Aramco has stated that the company would be pressing ahead with its plan to boost output capacity regardless of massive profit drop in 2Q 2020.
The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels, a Rystad Energy analysis reveals.
Eni has successfully tested the well drilled on the prospect called Bashrush, in the North El Hammad concession in the Mediterranean Sea, in the conventional Egyptian waters of the Nile Delta.
GMS has completed its first well intervention workscope using the company’s cantilever workover system, installed on the self-propelled vessel GMS Evolution.
ADNOC has entered into an agreement for the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from CNPC to CNOOC Limited.
